v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current assets:    
Cash $ 4,224 $ 14,692
Prepaid expenses 2,500
Prepaid income taxes 249,234 287,911
Prepaid franchise taxes 13,565 26,165
Total current assets 267,023 331,268
Dividend receivable 64,254 66,155
Cash and Investments held in Trust Account 19,013,705 18,666,931
TOTAL ASSETS 19,344,982 19,064,354
Current liabilities:    
Accrued expenses 1,076,483 884,628
Working capital and extension loans - related party 3,301,966 2,976,966
Business combination deposits 200,000 200,000
Payables due to redeeming stockholders 13,893,689
Excise tax payable 600,958 462,021
Total current liabilities 19,098,096 4,548,615
Deferred tax liability 13,493 13,893
Deferred underwriting discounts and commissions 2,012,500 2,012,500
TOTAL LIABILITIES 21,124,089 6,575,008
Commitments and contingencies
Common stock subject to possible redemption, 442,996 and 1,595,871 shares at redemption value of $12.21 and $11.91 per share as of June 30, 2025 and March 31, 2025, respectively 5,407,908 19,007,601
Stockholders’ deficit:    
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of June 30, 2025 and March 31, 2025 185 185
Additional paid-in capital
Accumulated deficit (7,187,200) (6,518,440)
Total stockholders’ deficit (7,187,015) (6,518,255)
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS’ DEFICIT 19,344,982 19,064,354
Related Party    
Current liabilities:    
Due to related parties $ 25,000 $ 25,000